Proposed Collection; Comment Request for Regulation Project, 17512-17513 [05-6839]
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17512
Federal Register / Vol. 70, No. 65 / Wednesday, April 6, 2005 / Notices
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: March 29, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–6836 Filed 4–5–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8848
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995, Pub.
L. 104–13 (44 U.S.C. 3506(c)(2)(A)).
Currently, the IRS is soliciting
comments concerning Form 8848,
Consent to Extend the Time To Assess
the Branch Profits Tax Under
Regulations Sections 1.884–2(a) and (c).
DATES: Written comments should be
received on or before June 6, 2005 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
VerDate jul<14>2003
18:17 Apr 05, 2005
Jkt 205001
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Allan.M.Hopkins@irs.gov.
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
SUPPLEMENTARY INFORMATION:
Approved: March 29, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–6837 Filed 4–5–05; 8:45 am]
Title: Consent To Extend the Time To
Assess the Branch Profits Tax Under
Regulations Sections 1.884–2(a) and (c).
OMB Number: 1545–1407.
Form Number: 8848.
Abstract: Form 8848 is used by
foreign corporations that have (a)
completely terminated all of their U.S.
trade or business within the meaning of
temporary regulations sections 1.884–
2T(a) during the tax year or (b)
transferred their U.S. assets to a
domestic corporation in a transaction
described in Code section 381(a), if the
foreign corporation was engaged in a
U.S. trade or business at that time.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
5,000.
Estimated Time Per Respondent: 5
hours, 46 minute.
Estimated Total Annual Burden
Hours: 28,800.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–106527–98]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995, Pub.
L. 104–13 (44 U.S.C. 3506(c)(2)(A)).
Currently, the IRS is soliciting
comments concerning an existing final
regulation, REG–106527–98 (TD 8902),
Capital Gains, Partnership, Subchapter
S, and Trusts Provisions (§ 1.1(h)-1(e)).
DATES: Written comments should be
received on or before June 6, 2005 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Allan Hopkins, at (202) 622–
6665, or at Internal Revenue Service,
room 6516, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capital Gains, Partnership,
Subchapter S, and Trusts Provisions.
OMB Number: 1545–1654.
Regulation Project Number: REG–
106527–98.
Abstract: The regulation relates to
sales, or exchanges of interests in
partnerships, S corporations, and trusts.
The regulations interpret the lookthrough provision of section 1(h), added
by section 311 of the Taxpayer Relief
E:\FR\FM\06APN1.SGM
06APN1
Federal Register / Vol. 70, No. 65 / Wednesday, April 6, 2005 / Notices
Act of 1997 and amended by sections
5001 and 6005(d) of the Internal
Revenue Service Restructuring and
Return Act of 1998, and explain the
rules relating to the division of the
holding period of a partnership interest.
The regulations affect partnerships,
partners, S corporations, S corporation
shareholders, trusts, and trusts
beneficiaries.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individual or
households.
The burden estimates for requirement
is reflected in the burden estimates for:
Form 1040, U.S. Individual Income Tax
Return; Form 1065, U.S. Partnership
Return of Income; Form 1041, U.S.
Income Tax Return for Estates and
Trusts; and Form 1120S, U.S. Income
Tax Return for an S Corporation.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
VerDate jul<14>2003
18:17 Apr 05, 2005
Jkt 205001
Approved: March 29, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–6839 Filed 4–5–05; 8:45 am]
17513
Avenue, NW., Washington, DC 20224,
Telephone Number (202) 622–3120 (not
a toll-free number).
DEPARTMENT OF THE TREASURY
Dated: March 31, 2005.
Heather C. Maloy,
Associate Chief Counsel (Passthroughs and
Special Industries).
[FR Doc. 05–6838 Filed 4–5–05; 8:45 am]
Internal Revenue Service
BILLING CODE 4830–01–P
Publication of Inflation Adjustment
Factor, Nonconventional Source Fuel
Credit, and Reference Price for
Calendar Year 2004
DEPARTMENT OF VETERANS
AFFAIRS
AGENCY:
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
Advisory Committee on CARES
Business Plan Studies; Notice of
Meeting
SUMMARY: Publication of the inflation
adjustment factor, nonconventional
source fuel credit, and reference price
for calendar year 2004 as required by
section 29 of the Internal Revenue Code
(26 U.S.C. section 29). The inflation
adjustment factor, nonconventional
source fuel credit, and reference price
are used in determining the tax credit
allowable on the sale of fuel from
nonconventional sources under section
29 during calendar year 2004.
DATES: The 2004 inflation adjustment
factor, nonconventional source fuel
credit, and reference price apply to
qualified fuels sold during calendar year
2004.
Inflation Adjustment Factor: The
inflation adjustment factor for calendar
year 2004 is 2.1853.
Credit: The nonconventional source
fuel credit for calendar year 2004 is
$6.56 per barrel-of-oil equivalent of
qualified fuels.
Reference Price: The reference price
for calendar year 2004 is $36.75.
Because this reference price does not
exceed $23.50 multiplied by the
inflation adjustment factor, the phaseout
of credit provided for in section 29(b)(1)
does not occur for any qualified fuels
sold during calendar year 2004.
FOR FURTHER INFORMATION CONTACT:
For questions about how the inflation
adjustment factor is calculated—WuLang Lee, RAS:R:TSBR, Internal
Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC 20224,
Telephone Number (202) 874–0585 (not
a toll-free number).
For all other questions about the
credit or the reference price—Kelly
Morrison-Lee, CC:PSI:7, Internal
Revenue Service, 1111 Constitution
The Department of Veterans Affairs
(VA) gives notice under the Public law
92–463 (Federal Advisory Committee
Act) that the Advisory Committee on
CARES Business Plan Studies will meet
on April 20, 2005, at the Canadaigua VA
Medical Center, Building 5, Auditorium,
400 Hill Avenue, Canadaigua, NY
144224. The meeting will begin at 10:30
a.m. and is open to the public.
The purpose of the Committee is to
provide advice to the Secretary of
Veterans Affairs on proposed business
plans at those VA facility sites
identified in May 2004 as requiring
further study by the Capital Asset
Realignment for Enhanced Services
(CARES) Decision document.
The agenda will include presentations
on objectives of the CARES project and
the project’s timeframes. Additional
presentations will focus on the VAselected contractor’s methodology and
tools to develop business plan options,
as well as the methodology for gathering
and evaluating stakeholder input. The
agenda will also accommodate public
commentary on site-specific issues.
Interested persons may attend and
present oral or written statements to the
Committee. For additional information
regarding the meeting, please contact
Mr. Jay Halpern, Designated Federal
Officer, (00CARES), 810 Vermont
Avenue, NW., Washington, DC 20024 by
phone at (202) 273–5994, or by e-mail
at jay.halpern@hq.med.va.gov.
BILLING CODE 4830–01–P
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Dated: March 30, 2005.
By Direction of the Secretary.
E. Philip Riggin,
Committee Management Officer.
[FR Doc. 05–6755 Filed 4–5–05; 8:45 am]
BILLING CODE 8320–01–M
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]]>Agencies
[Federal Register Volume 70, Number 65 (Wednesday, April 6, 2005)]
[Notices]
[Pages 17512-17513]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-6839]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-106527-98]
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Pub. L. 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an
existing final regulation, REG-106527-98 (TD 8902), Capital Gains,
Partnership, Subchapter S, and Trusts Provisions (Sec. 1.1(h)-1(e)).
DATES: Written comments should be received on or before June 6, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, room 6516, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Allan Hopkins, at (202)
622-6665, or at Internal Revenue Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Capital Gains, Partnership, Subchapter S, and Trusts
Provisions.
OMB Number: 1545-1654.
Regulation Project Number: REG-106527-98.
Abstract: The regulation relates to sales, or exchanges of
interests in partnerships, S corporations, and trusts. The regulations
interpret the look-through provision of section 1(h), added by section
311 of the Taxpayer Relief
[[Page 17513]]
Act of 1997 and amended by sections 5001 and 6005(d) of the Internal
Revenue Service Restructuring and Return Act of 1998, and explain the
rules relating to the division of the holding period of a partnership
interest. The regulations affect partnerships, partners, S
corporations, S corporation shareholders, trusts, and trusts
beneficiaries.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individual or households.
The burden estimates for requirement is reflected in the burden
estimates for: Form 1040, U.S. Individual Income Tax Return; Form 1065,
U.S. Partnership Return of Income; Form 1041, U.S. Income Tax Return
for Estates and Trusts; and Form 1120S, U.S. Income Tax Return for an S
Corporation.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: March 29, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05-6839 Filed 4-5-05; 8:45 am]
BILLING CODE 4830-01-P
